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Originally Posted by KruseF1
The reason I ask is because I thought that opening up new accounts didn't look good on your credit report and can decrease your score. The reason why I even opened up the MMA with the credit union is because 1) they had the best local rate and 2) i figured I could get a good loan later on down the road for a truck. Again, thanks alot for all the help guys.
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When opening a new account the bank will do a credit check on you. They can do what is referred to as either a "hard" or "soft" pull on your credit. If they do a "soft pull" it will show up on your credit report as just an inquiry and won't affect your score. If they do a "hard pull" however it will show up on your report as if you've applied for credit and may minimally affect your score especially if you've applied for a bunch of credit recently. However, even if it does put a little dent in your score, it shouldn't be much and not for long. You should ask the bank you're planning on using which type of credit check they do.